Xpeng Inc. (NYSE: XPEV) announced that it has entered into a partnership agreement with Livox. Under the agreement, Xpeng and Livox have partnered to implement automotive-grade lidar technology into Xpeng’s new production model in 2021. The new 2021 series model from Xpeng 2021 will be the world’s first series-produced intelligent electric vehicle equipped with a lidar. This paradigm will strengthen Xpeng’s position in the electric vehicle technology market.
Livox will provide its services for Xpeng by modifying the Horiz sensor according to the requirements of the Xpeng. By changing the sensor, Livox not only offers a cost-effective and reliable solution for the model, but also meets the company’s requirements for automotive quality.
Shares of Xpeng Inc. (NYSE: XPEV) rose 1 28% to gain +0 95th during Thursday’s trading session. It has a daily low range of $ 41.95 and a high range of $ 90. 66. In the past 52 weeks of trading, this company’s share went from the low by $ 41. 10 just above $ 74.49. Its stocks rose 150. 32% from its 52-week low and declined 42. 50% from its 52-week high.
Looking at its profitability, the return on investment is 81.10%. The gross margin is -20%, and the operating margin is 100%. To focus on its liquidity, it has a current rate of 1 and a quick rate of 0. That company’s market cap has stayed high, reaching $ 35. 39 billion at the time of writing.
The use of lidar in the XPILOT architecture, the autonomous driving system from Xpeng, will further optimize safety and the ability to cover a detailed range of driving situations from XPILOT.
Livox strives to overcome the three problems in the lidar industry such as reliability, scalability and price. The solution for the automotive industry exceeded the requirements of the industry and met standards such as point cloud density, field of view and detection area. It aims to increase the detection range of its Horiz Senor to 150 m. This capability enables XPEV’s XPILOT system to identify distant obstacles on highways and city streets.
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